There are no warrants. There have been no new shares issued in the past 2 years other than collateral shares. And of the incentive shares that were issued only half or so (400k) could potentially be sold. That doesn't explain the selling spree we have had for the past 6-9 months now.
The only logical explanation other than manipulation could be if a number of these market makers have implemented the same software. So they all behave the same way. Even matching each other. But then that doesn't explain the same activity on Merkur unless the same principle applies there.
Whatever it is, we are sitting ducks until Solomon delivers the goods. That should be obvious.